Tandem Expansion

Tandem Expansion, founded in 2009 and based in Toronto, Canada, is a growth capital investment firm specializing in minority investments in small and mid-sized technology companies across Canada. The firm focuses on sectors such as information technology, clean technology, energy, advanced materials, and life sciences, targeting businesses with strong commercial potential and unique value propositions. Tandem Expansion typically invests between CAD 10 million to CAD 30 million and leverages its team's extensive experience, global relationships, and proven ability to enhance value beyond mere capital infusion. The firm's investment strategy encompasses a variety of industries, including media, internet retail, alternative energy, wireless communications, and software development.

Brent Belzberg

Co-Founder

David Bookbinder

Managing Partner

Christophe Bourque

Senior Associate

Bruno Martel

Partner and Associate

Past deals in Montreal

Coveo

Series D in 2015
Coveo Solutions Inc. develops an intelligent enterprise search platform designed for mid-to-large size organizations across various industries. Its offerings include Coveo for Salesforce, which enhances search functionality and automated content recommendations, and Coveo for Sitecore, which facilitates personalized website search. The platform integrates data from on-premise and cloud applications, enabling employees and customers to access relevant information and expertise seamlessly. Coveo also provides solutions for customer service and customer relationship management, aiding in self-service initiatives and optimizing contact center performance. Founded in 2004 and headquartered in San Mateo, California, with research and development in Quebec City, Coveo maintains additional offices in Montreal, Amsterdam, and the United Kingdom. The company has established strategic technology partnerships with Salesforce and Sitecore and generates significant revenue from the United Kingdom, with additional income from the United States, Canada, and other regions.

Beyond the Rack

Series C in 2013
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.

Coveo

Series C in 2012
Coveo Solutions Inc. develops an intelligent enterprise search platform designed for mid-to-large size organizations across various industries. Its offerings include Coveo for Salesforce, which enhances search functionality and automated content recommendations, and Coveo for Sitecore, which facilitates personalized website search. The platform integrates data from on-premise and cloud applications, enabling employees and customers to access relevant information and expertise seamlessly. Coveo also provides solutions for customer service and customer relationship management, aiding in self-service initiatives and optimizing contact center performance. Founded in 2004 and headquartered in San Mateo, California, with research and development in Quebec City, Coveo maintains additional offices in Montreal, Amsterdam, and the United Kingdom. The company has established strategic technology partnerships with Salesforce and Sitecore and generates significant revenue from the United Kingdom, with additional income from the United States, Canada, and other regions.

Acquisio

Private Equity Round in 2012
Acquisio specializes in providing performance marketing solutions tailored for local businesses and the agencies that serve them. The company offers a powerful programmatic engine that enables digital marketers to optimize search campaigns and manage social, mobile, and display initiatives through an intuitive dashboard. Acquisio's automated system handles a significant portion of campaign management, allowing users to focus on data analysis and campaign improvement. The company emphasizes exceptional customer support, providing access to Account Managers and Analysts as well as a dedicated trading desk. With a client base of over 500 agencies and more than 25,000 advertisers, Acquisio has established itself as a leader in the industry and has received multiple accolades for its rapid growth. The company operates from its headquarters in Montreal, with additional offices in New York, Seattle, London, and Japan.

Beyond the Rack

Series B in 2011
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.

Acquisio

Series B in 2011
Acquisio specializes in providing performance marketing solutions tailored for local businesses and the agencies that serve them. The company offers a powerful programmatic engine that enables digital marketers to optimize search campaigns and manage social, mobile, and display initiatives through an intuitive dashboard. Acquisio's automated system handles a significant portion of campaign management, allowing users to focus on data analysis and campaign improvement. The company emphasizes exceptional customer support, providing access to Account Managers and Analysts as well as a dedicated trading desk. With a client base of over 500 agencies and more than 25,000 advertisers, Acquisio has established itself as a leader in the industry and has received multiple accolades for its rapid growth. The company operates from its headquarters in Montreal, with additional offices in New York, Seattle, London, and Japan.
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